As the artificial intelligence (AI) wars heat up, AI firm Anthropic has raised $300 million from Google and sources say the tech giant will get roughly a 10% stake in the AI company. Interestingly, in April 2022, Anthropic raised approximately $500 million from sources including Sam Bankman-Fried (SBF), co-founder of FTX; Caroline Ellison, former CEO of Alameda; Nishad Singh, former Director of Engineering at FTX; and various others.
Sam Bankman-Fried-backed AI company raises $300 million in equity from Google
Following the launch of Chatgpt and Microsoft’s investment in Openai, competition for artificial intelligence (AI) has intensified. Anthropic, an AI security and research company, has raised $300 million from Google. According to The Financial Times (FT), three sources familiar with the deal reported that Google will receive a 10% stake in Anthropic. The sources claimed that the capital will be used to finance IT resources, according to the FT report.
anthropic too provided information on the subject on the company’s website. The AI firm’s announcement page claims that it has chosen Google Cloud as its cloud provider of choice. “The association is designed for companies to collaborate on the development of AI computer systems,” the announcement says. “Anthropic will use Google Cloud’s advanced GPU and TPU clusters to train, scale, and deploy its AI systems.” Like Chatgpt, Anthropic is an AI company developing an AI assistant called “Claude” that aims to use steerable AI techniques and security enhancements.
The same ad page, below the Google ad, reveals that the company raised capital from Sam Bankman-Fried, the former co-founder of FTX. “The Series B round was led by Sam Bankman-Fried, CEO of FTX. The round also included the participation of Caroline Ellison, Jim McClave, Nishad Singh, Jaan Tallinn and the Center for Emerging Risks Research (CERR)”, explains the Anthropic announcement made in April 2022.
Reports suggest that of the $580 million raised, Bankman-Fried and his associates contributed at least $500 million to Anthropic. The crypto community has been what is discussed Bankman-Fried’s investment in the artificial intelligence firm. A Twitter account called Autism Capital tweeted: “Google just invested $300 million in Sam Bankman-Fried backed by money stolen from user Anthropic AI.” The account also stated: “Sam, FTX and notable figures of effective altruism like Jaan Tallinn led the anthropic Series B for $580 million.”
FTX Creditor Sunil K Dear All that Bankman-Fried’s stake could be worth “$700 million to $1.1 billion.” An individual asked Sunil K what he thought could happen to the stake and he answered, “We will have to sell the stake and recover the money.” A Twitter user asked a similar question to Autism Capital, “Serious question: Is there a chance for Anthropic to get the money back from Bankman-Fried?” In addition, it has also been reported that some of the Anthropic researchers previously worked for Openai.
Last month news startup Semafor, a company that was criticized by Elon Musk for being backed by disgraced FTX co-founder SBF, said it would buy back SBF’s stake in the company. “We are planning to buy back Sam Bankman-Fried’s stake in Semafor and place the money in a separate account until guidance is provided by the relevant legal authorities on where the money should be returned,” said Semafor co-founder and chief executive Justin Smith. said the New York Times.
What do you think about Google’s recent investment in Sam Bankman-Fried-backed anthropic AI? Let us know his thoughts on this topic in the comments section below.
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